Evraz 1Q 2010 operational results
April 15 2010 - 2:50AM
UK Regulatory
TIDMEVR
RNS Number : 2285K
Evraz Group S.A.
15 April 2010
+--------------------------------------------------------------------------------+
| |
+--------------------------------------------------------------------------------+
for immediate release
EVRAZ GROUP 1Q 2010 OPERATIONAL RESULTS
15 April 2010 - Evraz Group S.A. (LSE: EVR) today released its operational
results for the first quarter of 2010.
PRODUCTION VOLUMES*
+-----------------------+-------+-------+----------+-------+----------+
| Product, '000 tonnes | 1Q | 1Q | 1Q | 4Q | 1Q |
| unless | 2010 | 2009 | 2010/ | 2009 | 2010/ |
| otherwise stated | | | 1Q | | 4Q |
| | | | 2009, | | 2009, |
| | | |change** | |change** |
+-----------------------+-------+-------+----------+-------+----------+
| Steel division | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coke (saleable) | 616 | 415 | 48.4% | 453 | 36.0% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron | 2,991 | 2,578 | 16.0% | 3,129 | (4.4)% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron (saleable) | 20 | 54 | (62.5)% | 22 | (9.4)% |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 3,997 | 3,390 | 17.9% | 4,253 | (6.0)% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products, net | 3,562 | 3,409 | 4.5% | 3,781 | (5.8)% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Semi-finished | 941 | 1,251 | (24.8)% | 1,334 | (29.5)% |
| products | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 1,197 | 966 | 23.9% | 1,151 | 4.0% |
+-----------------------+-------+-------+----------+-------+----------+
| Railway products | 451 | 417 | 8.0% | 393 | 14.8% |
+-----------------------+-------+-------+----------+-------+----------+
| Flat-rolled products | 632 | 428 | 47.6% | 624 | 1.3% |
+-----------------------+-------+-------+----------+-------+----------+
| Tubular products | 193 | 266 | (27.3)% | 139 | 38.7% |
+-----------------------+-------+-------+----------+-------+----------+
| Other steel products | 147 | 80 | 83.5% | 140 | 5.1% |
+-----------------------+-------+-------+----------+-------+----------+
| Russia | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coke (saleable) | 261 | 118 | 121.3% | 168 | 55.8% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron | 2,571 | 2,217 | 16.0% | 2,668 | (3.6)% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron (saleable) | 19 | 48 | (61.1)% | 22 | (14.8)% |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 2,897 | 2,420 | 19.7% | 3,127 | (7.4)% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products, net | 2,596 | 2,309 | 12.4% | 2,845 | (8.8)% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Semi-finished | 1,106 | 1,046 | 5.8% | 1,455 | (24.0)% |
| products | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 913 | 843 | 8.3% | 868 | 5.1% |
+-----------------------+-------+-------+----------+-------+----------+
| Railway products | 360 | 306 | 17.9% | 321 | 12.2% |
+-----------------------+-------+-------+----------+-------+----------+
| Flat-rolled products | 90 | 43 | 106.6% | 76 | 18.5% |
+-----------------------+-------+-------+----------+-------+----------+
| Other steel products | 128 | 72 | 78.3% | 125 | 2.0% |
+-----------------------+-------+-------+----------+-------+----------+
| Ukraine | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coke (saleable) | 355 | 297 | 19.4% | 285 | 24.4% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron | 240 | 236 | 1.7% | 258 | (7.3)% |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron (saleable) | 1 | 6 | (74.2)% | 0 | n/a |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 249 | 241 | 3.2% | 249 | (0.1)% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products | 222 | 217 | 2.3% | 225 | (1.0)% |
+-----------------------+-------+-------+----------+-------+----------+
| Semi-finished | 120 | 188 | (36.0)% | 125 | (3.8)% |
| products | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 96 | 27 | 261.9% | 95 | 1.4% |
+-----------------------+-------+-------+----------+-------+----------+
| Other steel products | 6 | 3 | 110.3% | 5 | 25.5% |
+-----------------------+-------+-------+----------+-------+----------+
| Europe | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 96 | 81 | 18.5% | 156 | (38.8)% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products | 248 | 202 | 22.5% | 284 | (12.6)% |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 36 | 16 | 127.8% | 33 | 10.0% |
+-----------------------+-------+-------+----------+-------+----------+
| Flat-rolled products | 205 | 183 | 12.4% | 246 | (16.7)% |
+-----------------------+-------+-------+----------+-------+----------+
| Other steel products | 6 | 4 | 68.6% | 4 | 51.1% |
+-----------------------+-------+-------+----------+-------+----------+
| North America | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 574 | 508 | 12.9% | 510 | 12.5% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products, net | 627 | 606 | 3.5% | 498 | 26.0% |
| of re-rolled volumes | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 104 | 69 | 51.7% | 92 | 13.1% |
+-----------------------+-------+-------+----------+-------+----------+
| Railway products | 90 | 112 | (19.0)% | 71 | 26.7% |
+-----------------------+-------+-------+----------+-------+----------+
| Flat-rolled products | 239 | 160 | 49.4% | 195 | 22.8% |
+-----------------------+-------+-------+----------+-------+----------+
| Tubular products | 193 | 266 | (27.3)% | 139 | 38.7% |
+-----------------------+-------+-------+----------+-------+----------+
| South Africa | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Pig iron | 180 | 125 | 44.1% | 202 | (10.9)% |
+-----------------------+-------+-------+----------+-------+----------+
| Crude steel | 183 | 141 | 30.1% | 210 | (12.9)% |
+-----------------------+-------+-------+----------+-------+----------+
| Rolled products | 154 | 121 | 27.4% | 175 | (12.4)% |
+-----------------------+-------+-------+----------+-------+----------+
| Semi-finished | 0 | 64 | n/a | 0 | n/a |
| products | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Construction products | 48 | 12 | 292.8% | 62 | (23.4)% |
+-----------------------+-------+-------+----------+-------+----------+
| Flat-rolled products | 98 | 42 | 131.6% | 107 | (8.1)% |
+-----------------------+-------+-------+----------+-------+----------+
| Other steel products | 8 | 2 | 236.2% | 6 | 23.8% |
+-----------------------+-------+-------+----------+-------+----------+
| | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Mining division | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Iron ore (saleable | | | | | |
| products) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Lumping ore | 476 | 406 | 17.3% | 576 | (17.3)% |
| (Ukraine) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Concentrate (Russia) | 1,421 | 946 | 50.2% | 1,483 | (4.2)% |
+-----------------------+-------+-------+----------+-------+----------+
| Sinter (Russia) | 1,007 | 1,372 | (26.6)% | 950 | 6.0% |
+-----------------------+-------+-------+----------+-------+----------+
| Pellets (Russia) | 1,323 | 1,224 | 8.1% | 1,472 | (10.1)% |
+-----------------------+-------+-------+----------+-------+----------+
| Iron ore fines (South | 166 | 124 | 34.1% | 166 | (0.2)% |
| Africa) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coal | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coking coal (mined) | 2,211 | 2,558 | (13.6)% | 2,620 | (15.6)% |
+-----------------------+-------+-------+----------+-------+----------+
| Steam coal (mined) | 1,300 | 1,250 | 4.0% | 1,144 | 13.6% |
+-----------------------+-------+-------+----------+-------+----------+
| Concentrate | 1,711 | 1,609 | 6.4% | 1,640 | 4.3% |
| (production) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Steam concentrate | 332 | 256 | 29.9% | 307 | 8.2% |
| (production) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium (tonnes of | | | | | |
| V) 1 | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in slag | 961 | 3,121 | (69.2)% | 2,063 | (53.4)% |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in alloys | 4,395 | 1,667 | 163.6% | 3,649 | 20.4% |
| and chemicals | | | | | |
| (saleable), net off | | | | | |
| consumption within | | | | | |
| Group | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Russia | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in slag | 810 | 3,121 | (74.0)% | 2,063 | (60.7)% |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in alloys | 1,495 | 0 | n/a | 1,014 | 47.4% |
| and chemicals | | | | | |
| (saleable) 2 | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Europe | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in alloys | 648 | 0 | n/a | 451 | 43.8% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| North America | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in alloys | 580 | 258 | 124.8% | 515 | 12.6% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| South Africa | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in slag | 151 | 0 | n/a | 0 | n/a |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Vanadium in alloys | 2,229 | 1,409 | 58.2% | 1,986 | 12.2% |
| and chemicals | | | | | |
| (saleable) | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Equity investments | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Raspadskaya 3 | | | | | |
+-----------------------+-------+-------+----------+-------+----------+
| Coking coal (mined) | 3,031 | 1,886 | 60.7% | 3,373 | (10.1)% |
+-----------------------+-------+-------+----------+-------+----------+
* All information on production volumes of the enterprises presented in the
press release concerns only the period of their operation within Evraz Group.
The total volume of rolled steel products excludes those re-rolled at other
Group's plants. These volumes are eliminated as intercompany sales for purposes
of Evraz's consolidated operating results.
** Percentage changes may not be exact due to rounding.
1 Calculated in pure vanadium equivalent.
2 Operational results of OAO Vanady-Tula are consolidated into the Group since 2
November 2009.
3 Evraz Group holds a 40% effective interest in OAO Raspadskaya.
AVERAGE SELLING PRICES
+----------------------------+----------+----------+----------+
| USD/tonne (ex works) | 1Q 2010 | 4Q 2009 | 1Q 2009 |
| unless otherwise stated | | | |
+----------------------------+----------+----------+----------+
| Steel division | | | |
+----------------------------+----------+----------+----------+
| Russia | | | |
+----------------------------+----------+----------+----------+
| Coke | 164 | 145 | 91 |
+----------------------------+----------+----------+----------+
| Pig iron | 325 | 278 | 213 |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Semi-finished products | 333 | 324 | 258 |
+----------------------------+----------+----------+----------+
| Construction products | 500 | 485 | 374 |
+----------------------------+----------+----------+----------+
| Railway products | 673 | 656 | 564 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 483 | 480 | 413 |
+----------------------------+----------+----------+----------+
| Other steel products | 550 | 540 | 518 |
+----------------------------+----------+----------+----------+
| Ukraine | | | |
+----------------------------+----------+----------+----------+
| Coke | 234 | 180 | 117 |
+----------------------------+----------+----------+----------+
| Pig iron | 363 | 308 | 217 |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Semi-finished products | 366 | 343 | 338 |
+----------------------------+----------+----------+----------+
| Construction products | 473 | 456 | 443 |
+----------------------------+----------+----------+----------+
| Other steel products | 1,110 | 1,012 | 824 |
+----------------------------+----------+----------+----------+
| Europe | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 684 | 647 | 866 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 579 | 607 | 776 |
+----------------------------+----------+----------+----------+
| Other steel products | 813 | 1,115 | 1,362 |
+----------------------------+----------+----------+----------+
| North America | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 722 | 649 | 721 |
+----------------------------+----------+----------+----------+
| Railway products | 924 | 889 | 1,014 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 798 | 771 | 975 |
+----------------------------+----------+----------+----------+
| Tubular products | 1,342 | 1,342 | 1,702 |
+----------------------------+----------+----------+----------+
| South Africa | | | |
+----------------------------+----------+----------+----------+
| Rolled products | | | |
+----------------------------+----------+----------+----------+
| Construction products | 675 | 783 | 604 |
+----------------------------+----------+----------+----------+
| Flat-rolled products | 655 | 695 | 716 |
+----------------------------+----------+----------+----------+
| Other steel products | 767 | 693 | 709 |
+----------------------------+----------+----------+----------+
| | | | |
+----------------------------+----------+----------+----------+
| Mining division | | | |
+----------------------------+----------+----------+----------+
| Iron ore | | | |
+----------------------------+----------+----------+----------+
| Lumping ore | 35 | 35 | 33 |
+----------------------------+----------+----------+----------+
| Concentrate | 70 | 65 | 40 |
+----------------------------+----------+----------+----------+
| Sinter | 51 | 54 | 49 |
+----------------------------+----------+----------+----------+
| Pellets | 49 | 48 | 40 |
+----------------------------+----------+----------+----------+
| Iron ore fines | 26 | 11 | 15 |
+----------------------------+----------+----------+----------+
| Coal | | | |
+----------------------------+----------+----------+----------+
| Coking coal | 55 | 53 | 32 |
+----------------------------+----------+----------+----------+
| Steam coal | 25 | 20 | 17 |
+----------------------------+----------+----------+----------+
| Concentrate | 113 | 104 | 56 |
+----------------------------+----------+----------+----------+
| Steam concentrate | 52 | 29 | 37 |
+----------------------------+----------+----------+----------+
| | | | |
+----------------------------+----------+----------+----------+
| Vanadium (USD/t of V) | | | |
+----------------------------+----------+----------+----------+
| Russia | | | |
+----------------------------+----------+----------+----------+
| Vanadium in slag | 10,594 | 8,213 | 7,259 |
+----------------------------+----------+----------+----------+
| Vanadium in alloys and | 22,537 | 21,698 | n/a |
| chemicals | | | |
+----------------------------+----------+----------+----------+
| Europe | | | |
+----------------------------+----------+----------+----------+
| Vanadium in alloys and | 24,633 | 26,083 | 48,445 |
| chemicals | | | |
+----------------------------+----------+----------+----------+
| North America | | | |
+----------------------------+----------+----------+----------+
| Vanadium in alloys and | 33,122 | 31,154 | 43,629 |
| chemicals | | | |
+----------------------------+----------+----------+----------+
| South Africa | | | |
+----------------------------+----------+----------+----------+
| Vanadium in slag | 10,537 | n/a | n/a |
+----------------------------+----------+----------+----------+
| Vanadium in alloys and | 24,264 | 24,530 | 26,555 |
| chemicals | | | |
+----------------------------+----------+----------+----------+
Notes:
Semi-finished productsinclude slabs, billets, pipe blanks and other
semi-finished products.
Construction products include beams, channels, angles, rebars, wire rods, wire,
and other construction products.
Railway products include rails, wheels, tyres and other railway products.
Flat-rolled productsinclude commodity plate, specialty plate and other flat
products.
Tubular productsinclude large diameter line pipes, ERW pipes and casings,
seamless pipes and other tubular products.
Other steel productsinclude rounds, grinding balls, mine uprights, strips etc.
For Ukraine they also include railway products, for Europe - slabs and crane
rails; for South Africa - rails.
###
For further information
Media contact:
Alex Agoureev
VP, Public Relations
+7 985 122 4822
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+7
495 232 1370
ir@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. The Company was ranked the 15th largest steel producer in the
world based on crude steel production of 17.7 million tonnes in 2008. In 2009,
Evraz produced 15.3 million tonnes of crude steel and sold 14.3 million tonnes
of steel products. Evraz's internal consumption of iron ore and coking coal is
fully covered by its mining operations. Evraz's consolidated revenues for the
year ended 31 December 2009 were US$9,772 million and consolidated adjusted
EBITDA amounted to US$1,237 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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